Keefe, Bruyette & Woods Issues Positive Forecast for Fidelis Insurance (NYSE:FIHL) Stock Price

Fidelis Insurance (NYSE:FIHL) had its target price raised by Keefe, Bruyette & Woods from $24.00 to $26.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 29.48% from the company’s previous close.

FIHL has been the subject of a number of other reports. Wall Street Zen cut shares of Fidelis Insurance from a “buy” rating to a “hold” rating in a research report on Sunday, February 8th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $21.00 price target (up from $19.00) on shares of Fidelis Insurance in a report on Wednesday, January 7th. Evercore set a $21.00 price target on Fidelis Insurance in a research note on Wednesday, January 7th. The Goldman Sachs Group set a $17.50 price objective on Fidelis Insurance in a research report on Saturday, January 17th. Finally, UBS Group increased their target price on Fidelis Insurance from $23.00 to $24.00 and gave the company a “buy” rating in a research report on Monday, November 17th. Four analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $22.21.

Fidelis Insurance Trading Up 2.0%

Shares of Fidelis Insurance stock opened at $20.08 on Monday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.35. Fidelis Insurance has a 12-month low of $14.17 and a 12-month high of $20.15. The stock has a market cap of $2.22 billion, a P/E ratio of -400.26 and a beta of 0.25. The business’s 50 day moving average is $19.23 and its 200-day moving average is $18.42.

Hedge Funds Weigh In On Fidelis Insurance

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV bought a new stake in shares of Fidelis Insurance in the 4th quarter valued at $216,000. Empowered Funds LLC increased its stake in Fidelis Insurance by 3.6% in the fourth quarter. Empowered Funds LLC now owns 483,245 shares of the company’s stock valued at $9,457,000 after purchasing an additional 16,569 shares in the last quarter. XTX Topco Ltd bought a new stake in Fidelis Insurance in the fourth quarter valued at $2,529,000. Voloridge Investment Management LLC raised its holdings in shares of Fidelis Insurance by 246.7% during the fourth quarter. Voloridge Investment Management LLC now owns 260,498 shares of the company’s stock valued at $5,098,000 after purchasing an additional 185,365 shares during the period. Finally, Tudor Investment Corp ET AL bought a new position in shares of Fidelis Insurance during the 4th quarter worth about $1,067,000. Institutional investors and hedge funds own 81.99% of the company’s stock.

About Fidelis Insurance

Fidelis Insurance Holdings Ltd is a Bermuda‐incorporated specialty insurer and reinsurer that underwrites a broad range of liability and property risks. Founded in 2015, the company completed its initial public offering on the New York Stock Exchange in 2016 under the ticker FIHL. Fidelis focuses on providing tailored solutions for complex risks that traditional insurers may find difficult to accommodate, leveraging data analytics and underwriting expertise to structure policies across diverse industry segments.

The company’s product portfolio spans casualty lines—including general liability, excess and umbrella, professional indemnity, and management liability—alongside property, marine, energy and specialty programs.